Use the Information Presented Below for Chambersburg Corp ​
-Refer to the Information for Chambersburg Corp

question 68

Multiple Choice

Use the information presented below for Chambersburg Corp.for 2017 and 2016 to answer the questions that follow.Chambersburg uses the straight-line depreciation method. $\begin{array}{lrr}&\mathbf{2 0 1 7} & \mathbf{2 0 1 6} \\\text { Property, plant, and equipment }&\$ 250,000 & \$ 190,000 \\\text {Accumulated depreciation }&100,000 & 85,000 \\\text { Depreciation expense }&62,500 & 47,500 \\\text { Net sales }&1,000,000 & 900,000 \\\text { Average Total assets }&625,000 & 475,000\\\end{array}$ ​
-Refer to the information for Chambersburg Corp. ?
Using the 2017 data, what is the average life of Chambersburg's property, plant, and equipment (rounded to one decimal place) ?

• A) 1.6 years
• B) 2.5 years
• C) 4.0 years
• D) 10.0 years

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Definitions:

Behavior Therapy Technique

Intervention strategies in psychology that seek to modify maladaptive behaviors through the application of learning principles.

Antidepressant Drugs

Medications designed to improve symptoms of depression by altering chemical balances in the brain, often influencing neurotransmitters like serotonin and norepinephrine.

Physical Side Effects

Unintended and often adverse physical reactions or responses to a drug, treatment, or intervention.

Basic Social Norms

Fundamental unwritten rules that dictate acceptable behavior within a society, guiding interactions and helping to maintain social order.